An All-Time High On Non-GAAP ‘Crap’?
It’s been a nice day so far for Salesforce.com (CRM) longs, with the stock up nearly 14% intraday to an all-time high, after the company beat Wall Street estimates on revenue, adjusted net income, and forward revenue guidance. But software entrepreneur David H. Hansson (@DHH on Twitter), an early critic of Groupon (GRPN), noted in a series of tweets the gap between CRM’s adjusted earnings numbers and what they would be according to Generally Accepted Accounting Principles (GAAP): (more…)